• 2019 March 21 10:05

    MABUX: Bunker Market this morning March, 21

    The Bunker Review was contributed by Marine Bunker Exchange

    MABUX World Bunker Index (consists of a range of prices for 380 HSFO, 180 HSFO and MGO (Gasoil) in the main world hubs) demonstrated irregular changes on Mar. 20

    380 HSFO - USD/MT 419.50 (+1.07)
    180 HSFO - USD/MT 467.50 (+1.21)
    MGO - USD/MT 637.93 (-0.14)


    Meantime, world oil indexes demonstrated upward changes on Mar. 20 after a draw of U.S. crude oil inventories.

    Brent for May settlement increased by $0.89 to $68.50 a barrel on the London-based ICE Futures Europe exchange. West Texas Intermediate for May delivery rose by $0.94 to $60.23 a barrel on the New York Mercantile Exchange. The Brent benchmark traded at the premium of 8.27 to WTI. Gasoil for April delivery increased by $9.25.

    Today oil indexes continue to rise amid supply cuts led by producer club OPEC and U.S. government sanctions against Iran and Venezuela

    According to EIA U.S. crude oil inventories fell at their fastest rate since July 2018 last week - by 9.59 million barrels, adding to a drop of 3.86 million barrels in the previous week. It was expected a modest stockpile build of 0.31 million barrels. The EIA report also showed that gasoline inventories fell by 4.59 million barrels, nearly twice the expected draw of 2.41 million barrels, while distillate stockpiles dropped by 4.13 million barrels, compared to forecasts for a decline of 1.09 million.

    Aggressive production cuts carried out by OPEC, headed by Saudi Arabia, and another 10 allies of the oil-producing club, led by Russia, were in the spotlight this week as both the kingdom and Moscow stressed their plans to increase compliance with the output reduction. The Saudi Energy Minister Khalid al-Falih and Russian counterpart Alexander Novak canceled an April meeting in favor of a more sensible decision when the end of the current pact arrives in June.

    U.S. crude imports from Venezuela dropped to zero last week, for the first time on record. Imports from Venezuela, historically one of the biggest suppliers of crude to the United States, have slumped from about 587,000 barrels per day (bpd) in late January after Washington hit Venezuelan President Nicolas Maduro’s government, his political allies and the country’s state-owned oil company PDVSA with a series of sanctions.

    The United States granted Iraq a 90-day waiver exempting it from sanctions to buy energy from Iran, the latest extension allowing Baghdad to keep importing Iranian gas that is critical for power production. The last waiver for Iraq to be exempt from U.S. sanctions on Iran was granted on Dec. 21. Iraq relies heavily on Iranian gas to feed its power stations, importing roughly 1.5 billion standard cubic feet per day via pipelines in the south and east.

    U.S. President Donald Trump said a trade deal with Beijing was coming along nicely, with U.S. trade negotiators poised to head to China next week for another round of talks. Asked about lifting tariffs on China, he mentioned, that there are no talks about removing them, but about leaving them for a substantial period of time. Washington and Beijing have slapped import duties on hundreds of billions of dollars worth of each other’s products in their dispute, raising costs, roiling financial markets, shrinking U.S. farm exports and disrupting manufacturing supply chains. The face-to-face talks will be the first since Trump delayed a March 1 deadline to avert a rise in tariffs on $200 billion worth of Chinese imports from the current 10 percent to 25 percent. The negotiations aim to ending an eight-month trade war between the world’s two largest economies.

    We expect bunker prices to demonstrate upward changes today: USD 4-6  up for IFO, USD 7-9  up for MGO.




2019 April 18

18:36 South Stream Transport B.V. and Saipem announce the amicable settlement of mutual differences
18:06 Seaway 7 selected as partner to develop Hollandse Kust Zuid Offshore Wind Farm
17:36 WinGD reports strong first quarter 2019
17:11 Launching ceremony held for eighth shallow-draft barge of Project ROB20
17:05 SOFEC completes engineering, supply and delivery of mooring system
16:26 Port of Murmansk to welcome eight cruise liners in summer season of 2019
16:05 Cooperation agreement between Eimskip and Royal Arctic line approved by the Icelandic Competition Authority
15:44 Navios Acquisition announces $103.2 million sale and leaseback transaction for three MR2 product tankers and two LR1 product tankers
15:12 Nefteflot laid down two barges of Project RDB12 ordered by STLC
15:10 MOL to acquire strategic stake in six group companies, each owning a Very Large Ethane Carrier
14:40 Port of Rotterdam freight throughput grows by 5.1% in first quarter of 2019
13:44 Bunker prices are slightly up at the Far East ports of Russia (graph)
13:03 Biggest European shipbuilders collaborate on vessel connectivity in project Code Kilo
12:49 NOVATEK reports preliminary operating data for the first quarter 2019
12:13 Frontex, EMSA and EFCA open second annual European Coast Guard Event
11:51 RF Navy’s Northern Fleet takes part in combat training missions as part of final check for winter training season
11:27 ASCO took part in TransRussia-2019
11:00 ZIM joins to blockchain shipping solution TradeLens
10:44 Shareholders agreement on construction of Lavna terminal signed under Murmansk Transport Hub project
10:28 Brent Crude futures price is up 0.1% to $71.69, Light Sweet Crude – up 0.09% to $63.82
10:09 ABS teams with industry leaders to improve container vessel safety
09:53 Keppel secures integration and upgrading contracts worth around S$160 million
09:37 Tri-City ports take part in Seatrade Cruise Global
09:36 Bunker Market this morning, April 18
09:15 Baltic Dry Index is up to 767 points

2019 April 17

19:00 SMS Towage’s Humber fleet adds new tug
18:36 CMA CGM has announced FAK rates from Asia to North Africa
18:06 DESMI's CompactClean Ballast Water Management System receives US Coast Guard Type Approval
17:36 Denmark's first new-build hybrid ferry on key passenger route
17:06 CMA CGM announces FAK rates from Asia to the Mediterranean
16:38 Matson receives new cranes at its Honolulu hub terminal
16:17 Stena Europe undergoes refit upgrades in Turkey
16:11 Kuehne + Nagel launches first online seafreight service solution with guaranteed lead time in container shipping
15:40 HELCOM addressed nutrients, stormwater and microlitter issues at PRESSURE 10-2019
15:04 Murmansk Commercial Seaport commissions dust and wind shields
14:39 Port of Riga and Port of Qingdao sign Cooperation Agreement
14:02 Damen launches two road ferries for Canadian operator BC Ferries
13:22 DNV GL awards CMHI AIPs for two new offshore designs
12:53 Pacific Fleet warships and Royal Thai Navy hold joint trainings in the Sea of Japan
12:31 Port of Cardiff prepares for start of 2019 cruise season
12:22 Tristar Group signs second major deal with Shell for 6 chemical tankers
12:06 Far East ports’ capacity exceeds that of Russian Railways by 30-40%
11:38 Gazprom Neft completed development of logistic scheme for shipments of Arctic oil under Novy Port project (video)
11:09 GTT posts revenues of €58.9 million in Q1 2019
10:45 Yury Gilts appointed as Managing Director of Volga Shipping Company
10:23 Brent Crude futures price is up 0.36% to $71.98, Light Sweet Crude – up 0.67% to $64.48
10:09 Arkona offshore wind farm switched on in the Baltic Sea
09:37 Bunker prices are slightly down at the port of Saint-Petersburg, Russia (graph)
09:34 MABUX: Bunker market this morning, Apr.17
09:19 Baltic Dry Index is up to 749 points
09:04 Keppel receives final approval for the conversion of Gimi FLNG project

2019 April 16

18:36 Bahri further strengthens market footprint in Asia-Pacific region
18:06 Talos Energy provides additional update on Zama appraisal program
17:50 SCF's “Green Finance” wins Marine Money award
17:36 Songa Bulk ASA to merge with Axxis Geo Solutions AS
17:21 Amphibious ships of RF Navy’s Northern Fleet take part in drills in the Barents Sea
17:06 Fincantieri delivers FREMM “Antonio Marceglia” to the Italian Navy
16:56 Scorpio Bulkers announces sale and leaseback agreements for six dry bulk vessels
16:43 Digital Container Shipping Association launched with Maersk exec installed as CEO
16:22 Nauticor commences supply of LNG by ship to the Gothia Tanker Alliance